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HVAC Air Quality Monitoring Market Size
HVAC Air Quality Monitoring Market size surpassed USD 40 billion in 2022 and is anticipated to register 5% CAGR from 2023 to 2032 attributed to the surging installation rate of indoor air quality monitors.
The increasing focus on facilitating enhanced health & well-being of occupants across the commercial and residential sectors has spurred the need for improving the overall air quality. Thus, the adoption of indoor air quality monitors is gaining significant momentum as they offer real-time data on air quality while assisting building owners and managers in identifying potential problems for taking appropriate actions for ensuring the proper functioning of the HVAC systems.
How much did the global HVAC air quality monitoring market size account for in 2018?
The market size of HVAC air quality monitoring exceeded USD 40 billion in 2022 and will observe 5% CAGR from 2023 to 2032 due to the surging focus on facilitating enhanced health & well-being of occupants across the commercial and residential sectors.
Which factors are influencing North America market growth?
North America HVAC air quality monitoring industry size in is poised to reach USD 1.6 billion 2032 owing to the increasing number of government initiatives for improving air quality monitoring in the U.S.
How are industrial applications driving HVAC air quality monitoring industry growth?
The industry valuation from industrial applications reached over USD 1.2 billion in 2022 with the rising activities across chemical plants and mines.
Who are the leading HVAC air quality monitoring companies?
Honeywell, Siemens, PerkinElmer Inc., Teledyne Technologies, Thermo Fisher, Emerson Electric Co., and Agilent are the major players operating in the industry